Transformation of ISE into Bourse Istanbul is a revolution

Attila Koksal, member of the executive board of Bourse Istanbul (BIST) & President of Association of Capital Market Intermediary Institutions of Turkey, said the transformation of Istanbul Stock Exchange (ISE) into BIST and into a holding as well as an umbrella company constituted a revolution. Koksal's comments came while he was the guest of AA Finance Desk in Istanbul on Friday. The works conducted in the past two years made up the future of the infrastructure of the Turkish capitals market, Koksal underlined. Crucial steps have been taken for the next 25 years of the market, Koksal noted. With Bourse Istanbul, the hybrid structure of the ISE has come to an end, Koksal indicated. "In a case where real interests are around 20-30-40 percent, it would not be possible for a capital market to survive. However, our capital market successfully overcame an atmosphere of high inflation which lasted around 25 years," Koksal also said.